The Indian market is likely to open lower on Tuesday as the trend on SGX Nifty indicates a weaker start for the broader index in India. The Nifty futures were trading 33.75 points or 0.23% lower at the 14,878.20 level on the Singaporean Exchange at 7:10 am.

Shipping Corporation of India

: DIPAM Secretary has received multiple expressions of interest for privatisation of the company and the said transaction will move to the second stage now.

BPCL, IOC, HPCL: BPCL board approved sale of entire stake in Numaligarh Refinery for Rs 9,875 crore. Oil India, Engineers India and Government of Assam will be picking up the stake.

Hero MotoCorp: Unit total sales in February 2020 increased to 5.05 lakh units versus 4.98 lakh units YoY.

UPL: The company signed long-term pact with FMC Corporation for Rynaxypyr active ingredient.

Eicher Motors: Total motorcycle sales in February 2020 rose to 69,659 units versus 68,877 units MoM.

NMDC: Production in February 2020 increased to 3.86 million tonnes from 3.24 million tonnes YoY and sales rose to 3.25 million tonnes from 2.91 million tonnes YoY.

Savita Oil Technologies: Pari Washington India Master Fund reduced stake in the company to 3.21% from 5.33% via open market transaction.

Ashok Leyland: Commercial vehicle manufacturer Ashok Leyland’s total sales in the month of February 2021 rose 19 percent to 13,703 units as compared to 11,475 units in the same month last year.

First Published:Mar 2, 2021 8:13 AM IST